Huobi exchange traded fund

Huobi Pro, a digital asset exchange, has recently announced that several cryptocurrencies will be paired with its Huobi token, HT for free for a limited time. The digital assets that made the list include EOS, Litecoin [LTC], Ripple [XRP], Ethereum Classic [ETC], Dash, and IOST. As for the exact date, it has been set between June 6th to July 6th, 2018 until 19:00 (GMT+8).

The trading will start at 17:00 UTC, where users will be notified in the order that the free trading pairs will occur. For instance, it has been declared that the first free pairing is that of EOS/HT, which will run for 30 minutes. Following that will be that of the BCH/HT and XRP/HT pairs and the list goes on.

In addition to this news, Huobi also suggested to potentially support give financial aid to two blockchain companies. In order to do so, the enterprise expects to raise 100 billion Korean Won [KRW].

This news has sparked interest in several cryptocurrency investors, as it has the potential to induce liquidity in trading pairs. A Twitter user, namely, “TwoDads” said the following, “Fantastic mainstream exchange again with similar offering to Binance, great liquidity among most trading pairs…”

Also be sure to check out the Huobi 10 Index for Crypto Asset Tracking feature.

Huobi Announces Blockchain ETF (Crypto Exchange Traded Fund) For Investors

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